FTSE 100 Shares - UK bank shares fall as fears raised in City over budget tax raid
29-08-2025 03:14
UK bank shares have dropped after an influential think tank said Rachel Reeves could raise billions of pounds for the public purse by imposing a windfall tax on lenders.
FTSE 100 extends losses as Asian stocks edge higher
FTSE 100 falls for fourth day as banking stocks drop on windfall tax calls. Asian markets rise, Nvidia revenue jumps 56%. US PCE data awaited.
UK shares dip as banks weigh
London equities edged lower on Friday, dragged down by heavyweight banking stocks after an independent think tank recommended taxing interest they receive from reserves held at the central bank.
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Bank shares sink on reports Reeves could hike tax on their profits in the Budget
Shares in Britain's biggest lenders fell sharply on Friday morning as investors fretted over reports Chancellor Rachel Reeves is planning a tax raid on the sector.
